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a) A country should always protect its domestic industries. Discuss.
b) To what extent can a country actually rely on the principle of Comparative Advantage before engaging in international trade?
c) "The trade-off between unemployment and inflation arise due to adaptive expectations." Comment on this statement.
d) The best way to deal with price rises is to increase income tax and reduce the purchasing power of individuals. Discuss.
Causes of the Nigeria recession
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In a one-shot game, if you advertise and your rival advertises, you will each earn RM5 million in profits. If neither of you advertises, your rival will make RM4 million and you w
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a) The most well-organized combination of resources which can be used to make a given level of output is that which: b) The enactment of a guaranteed yearly income for al
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LONG RUN EQUILIBRIUM FOR THE FIRM Since there is freedom of entry into the industry the surplus profits will attract new firms into the industry. As a result the supply of th
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